How high can the S&P go?

Pabst · Oct 10, 2003

Romeo, The Caracal, Inandlong and T-Rex!!

I appreciate the kind words. Thanks, guys.

Pabst · Oct 10, 2003

Hey Romeo.

Where's dbphoenix chirping that calling the high of the day to the minute is just guessing. LOL.

Romeo · Oct 10, 2003

Quote from Pabst:

Hey Romeo.

Where's dbphoenix chirping that calling the high of the day to the minute is just guessing. LOL.

You know he only crawls out from under his rock when the guess is wrong.

waggie945 · Oct 10, 2003

SMH Powering higher with upgrades in INTC and AMAT.

How could anyone be short this BEAST ???

Pabst · Oct 10, 2003

Looking for a panic selloff either today or Monday. GE has manager's spooked. Very dangerous buying a dip here in ES mid 30's.

T-REX · Oct 10, 2003

Quote from Pabst:

Looking for a panic selloff either today or Monday. GE has manager's spooked. Very dangerous buying a dip here in ES mid 30's.

DAMN GOOD ANALYSIS!!!

I'm waiting on the sidelines for this one myself.
My mouse is ready to click.

waggie945 · Oct 10, 2003

The Moon is FULL my Friends . . .

Hee hee.

Romeo · Oct 10, 2003

Quote from Pabst:

Looking for a panic selloff either today or Monday. GE has manager's spooked. Very dangerous buying a dip here in ES mid 30's.

Pabst, maybe a selloff would more possibly occur starting on tuesday. Looks like very slow trading right now (12:15 et), and with the bond market closed on monday, there may be more slow trading then.

But I think I see a top, and by golly it looks to be 1048.3 on the S&P. Now everyone re-read the FIRST post of this thread. Didn't someone guess the maximum high to be "1050 or thereabouts" !!

You know you're guessing right when dbphoenix stays under his rock.

Romeo · Oct 10, 2003

exact question "we had a fantastic rally to 9768, and that was it. What happened??"

Pabst, riding the luck of the Cubbies, called that the top, that's what happened!!

Pabst · Oct 10, 2003

Quote from Romeo:

Pabst, maybe a selloff would more possibly occur starting on tuesday. Looks like very slow trading right now (12:15 et), and with the bond market closed on monday, there may be more slow trading then.

But I think I see a top, and by golly it looks to be 1048.3 on the S&P. Now everyone re-read the FIRST post of this thread. Didn't someone guess the maximum high to be "1050 or thereabouts" !!

You know you're guessing right when dbphoenix stays under his rock.

Ironically Romeo, I recall Columbus Day, 1983 when Rich Dennis sold 5000 Bond futures into a quiet pit on a day the cash market was closed. On Tuesday the WSJ wrote very derisively that yields rose on large selling by a Chicago commodities trader and that the bond market would probably bounce back that day. Alas bonds broke several points over the next week or so.